Bloomberg – Fairfield Greenwich Group, the hedge fund that lost $7 billion invested with Bernard Madoff, accused a Massachusetts regulator of “factual distortions” and told a judge that it closely monitored its investment.
The firm said yesterday it filed court papers challenging an April 1 administrative complaint by Massachusetts Secretary of the Commonwealth William Galvin, who claimed Fairfield Greenwich defrauded investors by misrepresenting what it knew about Madoff’s business. The filing is the firm’s most extensive statement to date about how it monitored its Madoff investment.
